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Wawa - Lakeland (Haines City) FL 35799 US Hwy 27 N 5,636 SF Retail Building Haines City, FL 33844 $7,355,395 CAD ($1,305.07 CAD/SF) 4.50% Cap Rate
Investment Highlights
- Brand New 20-Year Lease | Scheduled Rental Increases | Options to Extend | Established Brand and C-Store Operator
- Fronting US Hwy 27 | Dense Retail Corridor | New Developments | Surrounding Big Box Retailers | Wawa - Strong Earnings Report and Continued Growth
- Absolute NNN Ground Lease | Land Ownership | No Landlord Responsibilities
- Local Demographics In 5-mile Trade Area | Population Growth
Executive Summary
• The lease is guaranteed by Wawa Inc., an investment grade (Fitch: BBB), nationally recognized, and an established convenience store and gas brand with over 1,260 locations
• Brand new 20-year ground lease with 6 (5-year) options to extend, demonstrating their long-term commitment to the site
• The ground lease features 6% rental increases every 5 years starting in lease year 11 and at the beginning of each option period
• Wawa was ranked No. 21 in Forbes 2025 Ranking of America’s largest private companies
• The company is currently in the midst of its “largest expansion ever,” aiming to reach 1,800 stores by 2030
• 2026 construction with high quality materials and distinct design elements
• Brand new 20-year ground lease with 6 (5-year) options to extend, demonstrating their long-term commitment to the site
• The ground lease features 6% rental increases every 5 years starting in lease year 11 and at the beginning of each option period
• Wawa was ranked No. 21 in Forbes 2025 Ranking of America’s largest private companies
• The company is currently in the midst of its “largest expansion ever,” aiming to reach 1,800 stores by 2030
• 2026 construction with high quality materials and distinct design elements
Property Facts
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Building Size
5,636 SF
Building Class
C
Year Built
2026
Price
$7,355,395 CAD
Price Per SF
$1,305.07 CAD
Cap Rate
4.50%
NOI
$330,993 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
2.65 AC
Zoning
CG - Commercial General
Parking
45 Spaces (7.98 Spaces per 1,000 SF Leased)
Amenities
- Monument Signage
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 27-27-20-000000-043010 | Improvements Assessment | $0 CAD |
| Land Assessment | $487,238 CAD | Total Assessment | $487,238 CAD |
Property Taxes
Parcel Number
27-27-20-000000-043010
Land Assessment
$487,238 CAD
Improvements Assessment
$0 CAD
Total Assessment
$487,238 CAD
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Wawa - Lakeland (Haines City) FL | 35799 US Hwy 27 N
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